NSE Market Report 11/12/2015
The benchmark NSE20 share index inched up by 8.81 points, to close at 3,995.09 points. The Nairobi All Share Index was up by 0.44 points to close at 144.72 points. Equity Turnover at the bourse was KES 726.5 Million. 30,793,500 shares were traded. Total deals executed 1,208.
Gainers
| Counter | Price | % Change |
| EGAD | 20.25 | 9.46 |
| UCHUM | 8.70 | 7.41 |
| HAFR | 1.45 | 7.41 |
| PORT | 50.00 | 6.38 |
| EVRD | 2.80 | 5.66 |
Losers
| Counter | Price | % Change |
| ADSS | 1.95 | 7.14 |
| UNGA | 35.00 | 5.41 |
| FIRE | 3.70 | 5.13 |
| TCL | 7.55 | 4.43 |
| OCH | 3.90 | 3.70 |
Movers
| Counter | Volume | % of Volume Traded | Market Cap. |
| SCOM | 9.09M | 29.3 | 651.06B |
| KENO | 3.24M | 10.5 | 11.99B |
| COOP | 3.10M | 10.1 | 88.50B |
| UMME | 2.78M | 9.0 | 32.88B |
| KCB | 2.66M | 8.7 | 121.00B |
I-REIT
15 units of the Fahari I-REIT were traded. Turnover was KES 978,800.
Fixed Income Market
In the debt market, bonds worth 1.7 billion shillings were traded, compared to the previous day’s volume of 1 billion shillings.
NSE Yield Curve above
Shilling
Kenya’s shilling lost ground on Friday, hurt by dollar demand from the energy sector. The shilling was quoted at 102.10/102.20 to the dollar, weaker than Thursday’s close of 101.80/101.90.
Market News
East African Portland Cement
EAPC released its full year results for the year ended 30 June 2015. Revenues decreased by 7.6%, this was attributed to prolonged plant shutdown between October and December 2014 for installation of a new dust management plant in compliance with regulations. Gross profit went down by 26% due to expensive clinker purchases during the plant shutdown.
Profit Before Tax was KES 7.3 Billion This was contributed largely by a revaluation gain on their investment property which was KES 7.2 Billion, KES 836 Million realized gain on sale of land and KES 174 Million foreign exchange gain. Directors did not recommend a dividend.
Kenyan WallStreet thinks that EAPC is still struggling in its core business and currently maintains a negative outlook as the industry in very competitive. EAPC needs to reorganize its operations. The profit of KES 7.3 Million is due largely to a revaluation gain and should not confuse an investor, our advice is to strip it out in conducting your own analysis.
Capital Markets Authority
The media reported that the regulator CMA (Capital Markets Authority) should be held accountable as to why companies such as Kenya Airways are let to trade on the bourse yet they are near insolvency, having negative working capital.
Companies that were put on the spot were Kenya Airways, National Bank of Kenya and Uchumi Supermarkets.
